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El Paso County to distribute CARES Act money countywide

Posted at 7:42 PM, May 05, 2020

EL PASO COUNTY — El Paso County received $125 million from the federal CARES Act.

County Commissioners voted unanimously Tuesday to distribute the money countywide.

The County will keep $83 million, Colorado Springs will get $38 million, and the remainder will be distributed to smaller communities.

"Our intent is to get this out as best possible, as quickly to the municipalities a portion that they can then utilize to assist their communities, assist their departments. But, also I think we will be able to use portions of this for economic recovery and hopefully for business grants. And, so that's going to be one of the things I hope we are going to be able to do with our portion of it," Commissioner Longinos Gonzales said.

The City and County have said they will try to be as transparent as they can on how the money will be used. They are still waiting for more specific guidelines form the feds on what the money can be used for.